Replies to post #774 on Atlas Resource Partners (fka ARPJQ)

[kpisme]

Good purchase! you will be rich!

LONG ARPJ

[cshore63]

I understand capital structure but what we dont know is who is purchasing the debt, I would not be surprised if ARP is purchasing there own debt. Think about if I need to recapitalize what better way to do it then to get a 89% discount. The company generates cash and has a significant hedge. It could effectively buy up all outstanding debt with an 89% discount and still have enough left over to pay down the revolver although once they bought enough of the debt, the bank will re-determine the revolver. last estimate for cash I seen was 36 mill last quarter and likely generate 20 - 30 million this quarter or about 60 million on hand with about a 240 million hedge. They only need 50 million to buy a little less the 500 million in debt saving them a little less then 40 million a year in interest charges at 7.75%. I have no idea if that is there plan but I am long ARPJ.

[StockItOut]

Seems a brilliant move, congrats and good luck.

[Congo Mining]

No one read my sticky!!!

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=123991374


Unsecured bonds will own 90% of the company according to the Prepack.

you can't say no one could have predicted such an outcome.

The unsecured bonds are still trading cheap and I now have 380,000 of face value.

Apparently no one on this board understands what's going on or how the corporate bankruptcy laws are structured.

What you all should do is sell all of your ARPJ to avoid the COID and use the proceeds to buy the unsecured bonds.

If you do so you may have some chance to make your money back.

If you don't understand how to buy bonds or what they are...now is a good time to figure that out!!!!

[Congo Mining]

***LONG-$410,000 FACE OF UNSECURED 2021 SENIOR NOTES 7.75% ***

POSITION PURCHASED AT $113.0 PER $1000

OR 11.3 CENTS ON THE DOLLAR OF FACE VALUE.


On August 7th I voted to approve the restructuring agreement. Approving converting my 410,000 face value into new equity.

I will own approximately 1/1,500 of the new company.

the notes are still trading cheap!!!

this company once had a market cap of nearly 3 billion.


http://phx.corporate-ir.net/phoenix.zhtml?c=251151&p=irol-newsArticle&ID=2187744

"Senior Notes – holders of the Senior Notes will receive 90% of the common equity interests of the restructured company upon consummation of the Restructuring Plan in exchange for all amounts owed under the Senior Notes."